smirkanorf Posted February 24, 2011 Share Posted February 24, 2011 The Royal Bank of Scotland (which is over 80% owned by us, the tax payer) has announced a 1 Billion loss for the last year ... Yet they payed out 1 Billion in bankers bonuses!!! ... and the head of the bank thinks that was right!!! <removed>!!! Link to comment Share on other sites More sharing options...
Happ Hazzard Posted February 24, 2011 Share Posted February 24, 2011 Maybe the Labour government should have included clauses in the loan agreement that prevented this? Just a thought. Link to comment Share on other sites More sharing options...
Cynic Posted February 24, 2011 Share Posted February 24, 2011 The problem is that if they don't pay bonuses the best staff leave. Then they are even more trouble. It needs controlling more in some way but you can't just stop paying people a bonus if they are in a role where the industry standard is a huge bonuses. Link to comment Share on other sites More sharing options...
shane39 Posted February 24, 2011 Share Posted February 24, 2011 The problem is that if they don't pay bonuses the best staff leave. Then they are even more trouble. It needs controlling more in some way but you can't just stop paying people a bonus if they are in a role where the industry standard is a huge bonuses. Call their bluff! They would never leave.Where would they all go? Link to comment Share on other sites More sharing options...
dave_dave Posted February 24, 2011 Share Posted February 24, 2011 The problem is that if they don't pay bonuses the best staff leave. Then they are even more trouble. It needs controlling more in some way but you can't just stop paying people a bonus if they are in a role where the industry standard is a huge bonuses. You can't make most people see this though, a lot of people have a very simple opinion "banks = evil, anyone who works for a bank = evil" and that's all they're willing to see. To the extent that people claim banks shouldn't have been bailed out. Link to comment Share on other sites More sharing options...
F. Sidebottom Posted February 24, 2011 Share Posted February 24, 2011 If you don't like it, move your account away from RBS. Link to comment Share on other sites More sharing options...
evildrneil Posted February 24, 2011 Share Posted February 24, 2011 The problem is that if they don't pay bonuses the best staff leave. Then they are even more trouble. It needs controlling more in some way but you can't just stop paying people a bonus if they are in a role where the industry standard is a huge bonuses. What defines a best person? After all they were all paying obscene bonuses and presumably keeping the "best people" when everything went tits up and the banks went down like so many Titanics? Link to comment Share on other sites More sharing options...
HeadingNorth Posted February 24, 2011 Share Posted February 24, 2011 The problem is that if they don't pay bonuses the best staff leave. Given the vast amounts of money the bank lost, it's hard to believe that they actually have any "best staff." A junior appointment on a salary of £200,000 a year instead of £5m a year could hardly do very much worse. Link to comment Share on other sites More sharing options...
llamatron Posted February 24, 2011 Share Posted February 24, 2011 If you don't like it, move your account away from RBS. exactly its funny how many people complain about the bonuses but don't do anything about it. If you're not willing to fund their bonuses use a different bank! Link to comment Share on other sites More sharing options...
Keith Rich Posted February 24, 2011 Share Posted February 24, 2011 exactly its funny how many people complain about the bonuses but don't do anything about it. If you're not willing to fund their bonuses use a different bank! I am doing just that. I'm moving to Nationwide bulding society. Link to comment Share on other sites More sharing options...
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